Post-Thanksgiving unemployment filings just spiked harder than expected. Initial jobless claims saw a notable jump in the latest week, catching some analysts off guard.

This kind of labor market wobble usually sends ripples through risk assets. When employment numbers start looking shaky, investors tend to reassess their positions across the board—stocks, bonds, and yeah, crypto too. Historically, weakness in traditional economic indicators has preceded volatility in digital asset markets.

Worth watching how this plays out over the next few weeks. If the trend continues, we might see some defensive moves from institutional players. Macro fundamentals still matter, even in Web3.